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REGISTERED NUMBER: 03478590 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SECURED OPENINGS LTD

SECURED OPENINGS LTD (REGISTERED NUMBER: 03478590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SECURED OPENINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J W Munt





SECRETARY: Miss L Lavender





REGISTERED OFFICE: Unit 8
Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN





REGISTERED NUMBER: 03478590 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

SECURED OPENINGS LTD (REGISTERED NUMBER: 03478590)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,260 43,467

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 45,805 69,354
Cash at bank 1 -
75,806 99,354
CREDITORS
Amounts falling due within one year 6 133,139 139,927
NET CURRENT LIABILITIES (57,333 ) (40,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,073

)

2,894

CREDITORS
Amounts falling due after more than one
year

7

70,932

97,918
NET LIABILITIES (95,005 ) (95,024 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (95,105 ) (95,124 )
(95,005 ) (95,024 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SECURED OPENINGS LTD (REGISTERED NUMBER: 03478590)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2024 and were signed by:





J W Munt - Director


SECURED OPENINGS LTD (REGISTERED NUMBER: 03478590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Secured Openings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 6 ) .

SECURED OPENINGS LTD (REGISTERED NUMBER: 03478590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 26,105 2,582 73,350 1,838 103,875
Additions - 143 600 - 743
At 30 June 2023 26,105 2,725 73,950 1,838 104,618
DEPRECIATION
At 1 July 2022 24,199 2,563 32,677 969 60,408
Charge for year 477 38 10,218 217 10,950
At 30 June 2023 24,676 2,601 42,895 1,186 71,358
NET BOOK VALUE
At 30 June 2023 1,429 124 31,055 652 33,260
At 30 June 2022 1,906 19 40,673 869 43,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 21,160 31,699
Other debtors 24,645 37,655
45,805 69,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 38,069 46,022
Hire purchase contracts 4,994 4,994
Trade creditors 9,620 20,910
Taxation and social security 64,969 51,268
Other creditors 15,487 16,733
133,139 139,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans 49,932 71,508
Hire purchase contracts 21,000 26,410
70,932 97,918

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, there was an amount of £24,645 owed by the director.